PT Astra International Tbk (IDX:ASII) announces a share repurchase program. Under the program, the company will repurchase up to 20% of its issued share capital, such that that the number of free float shares after the Share Buyback will not be less than 7.5% of the company?s issued and paid-up capital for IDR 2,000,000 million. The purpose of the program is to stabilize the Company?s share price in the fluctuating market condition and offers flexibility for the company in managing its long-term capital.
The repurchased shares will be held in treasury. The program will be valid till February 25, 2026.
PT Astra International Tbk is an Indonesia-based company that is engaged in general trading, industry, mining, transportation, agriculture, construction, services, and consultancy. The Company has seven segments. The Automotive segment includes the wholesale of cars, trucks, and motorcycles, the provision of after-sales services, and the manufacture of automotive components. Its Financial Services segment comprises automotive financing and insurance businesses. Its Heavy Equipment and Mining segment covers sales of construction machinery, mining contracting, and coal mining. Its Agribusiness focuses on the oil palm plantations and their derivative products. Its Infrastructure and Logistics segment includes construction and management of toll roads and seaports and provides transportation and logistics services. Its Information Technology (IT) segment comprises document solutions, IT Solutions, and office solutions. Its Property segment develops residential and commercial properties.
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